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$1.9 billion to settle u.s. allegations of money laundering. our chief economics correspondent has all the details. >> the largest bank in money- laundering, cartels washed through the bank. it resulted in a $1.9 billion fine, the biggest in u.s. banking history. the american authorities >> the corruption of the financial system by drug traffickers and other criminals, and free evading u.s. sanctions and law. >> they find $7 billion will be transferred between mexico and the u.s.. there were 25,000 transactions involving iran. in $290 million in suspicious traveler's checks were cleared by the bank. in a statement, they said they were story -- sorry for past mistakes. the former chairman was appointed as trade minister for david cameron. he had this to say when the allegations emerged in july. >> there were failures of the implementation, they expressed regret for that. it is a company i am proud to have worked for. >> they are not the only british bank to run these. the accusations of sanctions violations. other leading european banks have also in recent years reached settlements
by a bank to u.s. authorities. hsbc admitted on tuesday its anti-money laundering measures had been inadequate. the bank agreed to pay the penalties to u.s. authorities including the justice department. the bank says it accepts responsibility for past mistakes and has beefed up its internal controls. in july, a u.s. senate report accused the bank of being involved in money transfers linked to drug deals originating in mexico. the report also said the bank settled money transactions with links to iran, a country under u.s. sanctions. >>> now, british authorities have arrested three british men. that's over their alleged connection to a rate-fixing scandal involving libor, the london interbank offered rate. the serious fraud office announced tuesday the first arrests in the case that has rocked the financial community. but officials gave no details other than the arrested men are british citizens in their 30s or 40s. 's unknown whether the suspects worked for banks or what their exact charges are. in june, the nation's financial regulators imposed a huge fine on barclays bank based in
, corruption scandals, and disastrous investments in the u.s. and brazil. it was hoping to benefit from lower production costs at the new steel plant near rio de janeiro. the costs to build the facility have spiraled out of control. billions of euros wasted. it is a similar picture in the u.s. where a costly steel plant is incurring heavy losses due to the steel downturn. investment decisions have weighed heavily with building costs rising to 12 billion euro. to make matters worse, they have been hit with huge funds in their real division. this has triggered a leadership crisis. the executive board has asked three top executives to leave. >> until now, there has been in management style where the old boys' network was more important than corporate success. to some extent, this led to ignoring irregularities rather than correcting them. >> despite the crisis, he is trying to reverse the fortunes. they plan to sell the troubled plants in the u.s. and reduce their presence in the risky steel sector. they are examining all options. >> for more rainiers on the reaction from traders, we have this r
steadier, and it looks at this point asif u.s. exporters are doing a little better and u.s. producers are driving out some of our imports so that was good news, more econic groh. tracy: hard to tell, though, because everything's overshadowed by the fiscal cliff. do you worry, like, inflation is going to come and bite us in the butt one of these days? i mean, there's a lot of moy out there. >> well, i watch that very, very carefully, and i don't think that's an immediate risk. in regard to the fiscal cliff, i think the right thing to do is to let the tax rates go up across the board, just like they agreed to do. i think we ought to have middle income americans as well as high income americans having a reduction of those tax rate cuts we saw. tracy: take more from my paycheck, let the fed put money into the system. does it make sense at the end of the day? shouldn't i keep my money, g out there and spend it and let the fed keep theirs? >> well, that's, you got a good point, and i agree that instabilit and monetary policy is not very effective, and so i' not looking for very much from th
troops on it is side of the militarize zone separating from south korea. as well as nearly 30,000 u.s. forces. not only are they within strikes distance of the launch site, a long-range rocket shows north korea is on its way to developing technology to launch a rocket at the united states's west coast and hawaii. officials tell cnn that the working assumption is that the north koreans got outside help from others, including iran. so today's launch is raising some huge concerns. let's go to our pentagon correspondent barbara starr. i assume they are pretty surprised and alarmed by the successful launch over at the pentagon? >> look, wolf, because of everything you just mentioned, indeed, the u.s. military, the intelligence committee have been watching north korea for days now 24/7 because they did expect to launch and they announced it. but they were having technical problems so a lot thought it wouldn't happen until next week. when it happened last week, there was a surprise. the north korean anchor's excitement was clear. >> announcing the launch of a long-range rocket that put a nor
with politics and public affairs, we casey jennings live coverage of the u.s. senate. on weeknights watched key public policy defense. every weekend the latest nonfiction authors and books on booktv. you can see past programs, get our schedules at our website, and you can join in the conversation on social media sites. >> twenty-five years ago the u.s. and the soviet union signed a treaty which removed thousands of nuclear missiles from europe. former reagan administration officials talk about the negotiations that led to the intermediate nuclear forces treaty. at this event hosted by the american foreign service association, it's an hour 20 minutes. >> okay. i think we're ready to go. i would invite everyone to take their seats. i'd like to wish all a very good morning. i'm susan johnson, the president of afsa, and i'd like to extend a very warm afsa welcome to you all, and thank you for coming to this important and special panel discussion, and also celebration of the 25th anniversary of the signing the inf treaty. special thanks of course go to our panelists and our moderator, and i should n
places besides the u.s. stock market. the metals were on fire today, particularly silver. slv, that's the way you play it. goes much higher. >> all right, i'm melissa lee. see you tomorrow, 9:00 a.m. we have the ceo of tomorrow's ipo solar city, then back here at 5:00 >>> i'm jim cramer and welcome to my world. >> you need to get in the game. >> he's nuts! they're nuts! they know nothing! >> i always like to say there's a bull market somewhere. "mad money." you can't afford to miss it. i'm cramer. welcome to "mad money." my job is not just to entertain but i'm trying to teachary and coach you. call me at 1-800-743-cnbc. you can blame the democrats for their inability to offer any cuts for spending. you can blame the republicans for not even wanting to consider tax increases. but don't you dear blame ben bernanke for not being willing to take bold action to get this economy hiring and moving again! even if his statements about economic weakness ultimately caused the averages to stumble from some pretty lofty levels. dow only declining ability 3 points s & p inching up 4.4%. close in
of the inauguration of the president of the u.s. capitol. >> we are glad you are all here, this is the platform were the inauguration will take place. it is on schedule, it is on budget. our job, senator alexander and myself were in charge of this part of the inauguration. it is the presidential inaugural committee. it is also known as pic. let me review some numbers and specifics. the first inaugural on the west front was ronald reagan's ceremony in 1981. the person in charge of building the platform is steve ayers, the architect of the capital. the platform will be about 10,000 square feet. the same size as the platform in 2005, which was the largest platform ever built. as you know, on this there will be 1600 people were comes to this platform. it has to be very strong. the former president, joins you, governors, and the diplomatic corps. one of which comes from brooklyn, one comes from near chattanooga. it is a bipartisan concept inaugural. the platform is made whole with specification so everyone can see pretty well. the design began more than a year ago. construction began in september. >> tha
debate hits the floor of the u.s. house but not much progress is made. warren buffett and others tell lawmakers to look for more money from the estate tax. >> susie: i'm susie gharib. could another major bond-buying program be on the way? what we could hear tomorrow as federal reserve policymakers wrap up their two-day meeting. >> tom: ever wonder what goes into making those cardboard store displays? tonight, we look at how one box company is using them to reinvent itself. >> susie: that and more tonight on nbr! >> tom: an agreement to ease the fiscal cliff may not be wrapped up and waiting under your tree for christmas. senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. not surprisingly, republicans say the president hasn't gotten serious about the talks. plenty of outside groups are offering up suggestions. and as darren gersh reports, they include warren buffett and some other big names in finance. >> reporter: there was some public movement in the fiscal cliff standoff today. instead of holdi
in november than they did last year. the total u.s. retail sales increased 4 1/2% for the same period. >> apple has begun the early stages of a television set testing. that's the word from wall street journal this morning. kaukauna's collaborating with giant tax to test designs for a large screen high-resolution tv. apple has been testing television several times for a number of years. the testing comes after apple ceo them put hinted in an interview last month of the new tv product offering may be on the horizon. we will see what comes out of that. net flicks says they've learned which in that service provider is the fastest. they did this by tracking subscriber download speeds. net flicks ranked google fiber as a speedy as internet connection and the u.s. with average down mosby's of 2.5 mb per second. the bad as it is will fiber is only available in just one place right now kansas city, attack kansas. the rest of us net flicks as horizon files ranks no. 2 at nearly 2.2 mb per second. tomcats comes at a close third. >> 611 as the time and we will be back in a couple of minutes as we
a number of british banks. there are several investigations in the u.s. by the securities and exchange commission concerning whether deutsche bank under reported risk in connection with mortgage securities and derivatives. that is particularly ironic. during the financial crisis, deutsche bank was very pleased that it did not call for -- ask for government help, did not ask for a bailout, and it came to the crisis allegedly unscathed. all of this casting doubt about whether deutsche bank's reputation is as golden as it was thought to be. >> thank you very much for joining us, melinda. >> we turn to the markets. the tax-evasion probe was the governing topic there, too. have this report from the frankfurt stock exchange. in the investigation against deutsche bank have been the big issue on the frankfurt -- >> the investigation against which a bank have been the big issue. the co-ceo is under investigation. experts fear there might be heavy image problems for deutsche bank, not because of these investigations, but also because of the fact that there might have been market manipulations ma
not the rocket launch. >> amazing it cost that much. >> i saw one report that the u.s. was surprised of the launch came tonight. what are you hearing from the pentagon? >> they had eyes on in the whole time temperature u.s. satellites, u.s. ship radars were in the area. but, in fact, this is becoming in the last couple of hours a little more complex than first anticipated. u.s. intelligence official tells cnn now it does appear that north korea completed all the launch stages. so this official is not elaborating yet on whether that meant the rocket went in to orbit. we have talked to other officials who have confirmed to us at this hour they are still scouring u.s. military, u.s. intelligence through all of the data, all the u.s. satellites data trying to get confirmation, if you will. in other words, u.s. satellites and u.s. intelligence to be able to confirm whether north korea did launch a satellite, a third stage of the rocket in to orbit. that's the key right now. that's what they are trying to figure out. i'm thold is becoming a tougher problem than they originally anticipated
will be waiting to see whether the central bank will do more to prop up the u.s. economy. the big question is whether the fed will stick with its so- called "operation twist" bond- buying program, or will it announce something new? erika miller takes a closer look at what's expected. >> reporter: the fed may announce a new twist in its bond buying plans, but that doesn't necessarily mean the stock market will shout. at it's final meeting of the year, the central bank is not expected to simply extend its operation twist program. that's the nickname for the fed's strategy of buying long- term treasuries and, at the same time, selling an equal amount of shorter-dated bonds. that's important because it keeps the bank's balance sheet the same size. now, the fed may be ready to do a new stimulus dance. >> under twist, they've been purchasing $45 billion longer term treasuries while at the same time selling $45 billion short term. they've pretty much run out of short-term stuff to sell, so i think they'll be continuing to purchase the long term, but purchasing outright, expanding their balance sh
authority this that country, many are asking what this may mean in terms of u.s. involvement. but senior administration officials said there's still no plans to arm this group. yet the government hasn't ruled it out. the other issue on the forefront on the president's mind, the u.s. economy and that pending fiscal cliff. are we going to go over the fiscal cliff? >> you know, i remain optimistic that there are enough people of good will in this town that recognize our economy will be much better off, american families will be much better off if we get this done. the most important thing we can do is make sure middle class taxes don't go up on january 1. and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> prediction, are you going to be able to raise taxes, yes or no? >> taxes are going to go up one way or another. and i think the key is to make sure that taxes go up on the high end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up with a deal, but time
to strike the u.s. west coast? >>> the new weapon for drug smugglers. launching marijuana over the border by canons. >>> and what a day for a wedding. 12-12-12. easy for any husband to remember, as brides and grooms say i do around the world. >>> good morning, everybody. we begin this wednesday with sudden horror at the height of the holiday shopping season. a mass gunman opening fire in a crowded suburban shopping mall. >> cell phone video captured the moment when festivities turned to fear in clackamas, oregon, just outside portland. the shooter killing two people before eventually turning the gun on himself. abc's brandi hitt has the latest. [ sirens ] >> reporter: chaos inside a suburban portland mall, as a gunman opened fire on holiday shoppers. >> all of a sudden, we heard a big bang. we covered our ears and we got down. and then, all of a sudden, a matter of five seconds later, we heard rapid fire, bang, bang, bang, bang. and i just took off running. >> reporter: the shots were heard throughout the shopping center. >> it was really loud. and it continued, like 20 times.
become the 24th right-to- work state in the u.s. we may have to wait until after christmas for a budget deal. that's what senator harry reid tells reporters. talks on the fiscal cliff appear to be hitting a wall as democrats and the gop remain stuck on the latest offers from each camp. the gop is stuck on extending bush-era tax breaks for the wealthy, and republicans say the president is failing to reduce government spending. "where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff." "we have been calling on the speaker to bring forth a middle-income tax cut now for a very long time - in fact, since last summer when it passed the united states senate." here's a side-by-side check of where they stand: the president's plan calls for a raising $1.6 trillion in revenue by boosting tax rates on the incomes above $200,000 for individuals and $250,000 for couples. president obama also recommends $400 billion in spending cuts. representative boehner's calls for $800 billion in new revenue, $600 billion in savin
of a modern day axis of evil for the u.s. iran is thought to be working on a nuclear bomb. the explosive situation in syria passed another landmark today. we begin with chief washington correspondent james rosen at the state department. on the failure to keep the north koreans grounded. >> with north korea successful launch of the three-stage rocket tuesday night the obama administration was left to ponder the limits of the engagement policy it doggedly pursued with rogue regimes around the world. >> as we have seen in the case of north korea, as we have seen in the case of iran to date, it's their choice whether they take advantage of it. spend his time and his money. shooting off missiles or he can feed his people. but he can't have both. >> reporter: after the u.n. security council disbanded without announcing any punishment, the white house and state department signaled intention to outsource the job to the north korea patron state china. >> i think you saw the chinese make clore their opposition to this launch, prior to it and the regret over the fact it took place after it happened
, president obama announced tuesday that the u.s. will now formally recognize the syrian opposition movement. >> we've made a decision that the syrian opposition coalition is now inclusive enough, is reflective and representative enough of the syrian population, >> ifill: hours later, the friends of syria meeting in marrakech, morocco took the same step. the u.s. became one of 114 nations to endorse the syrian national council created just last month under international pressure. deputy secretary of state william burns: >> in a growing number of towns and villages, a new syria is being born, the regime of bashar al assad must and will go, the sooner he steps aside the better for all syrians. >> ifill: despite showing signs last week of a possible shift in russia's position, the decision did not go down well in moscow, which opposes outside action against the assad regime. foreign minister sergei lavrov: >> ( translated ): as the coalition has been recognized as the only legitimate representative, it seems that the united states decided to place all bets on the armed victory of this very nati
target. talks about the level of u.s. production, rivalries between iran and saudi arabia, and a new secretary general could get heated. >>> italy likely to see a strong uptai uptake thanks to supply reductions before year end. >>> and let's twist again. the fed set to announce a fresh around of bond purchases to match the outgoing twist program at the end of the year. >>> the international community blasts north korea after it successfully launches a long-range rocket, prompting an emergency u.n. security council meeting. >>> all right. a very good morning to you. we are going to be on to opec later. we've got the latest i.a. data out this morning. they're saying global oil demand projected around 90.5 million barrels a day. more than forecast. they say non-opec production bouncing back. an something bit. they're saying opec crude supply inched up in november led by higher output from saudi arabia. >> i think we'll have to call this today the case of the two oil reports. we have the opec report that they put out ahead of the meeting showing different figures from what the iea is say
: the preferred financial institution of drug cartels and money launders. that is a quote today in a u.s. department of justice report about h.s.b.c. holdings, one of the largest banks in the world. to avoid criminal prosecution, h.s.b.c. admitted today that it laundered more than $800 million for mexican drug cartels and covered up illegal transactions for burma, iran, sudan, cuba, and libya. those nations were under banking sanctions because of human rights atrocities, terrorism, or, in iran's case, a nuclear program. the british bank will pay $1.9 billion to the u.s. government, the largest such fine in history. senior correspondent john miller is in new york following the story for us tonight. john? >> reporter: scott, it's a case that has everything: everything except an arrest. and that struck some as odd because in an 80-page document of court papers, the bank admits to almost going out of its way to act as a financial clearing house for international pariahs and drug dealers. h.s.b.c. officials listed mexico in its lowest risk category for money laundering during a four- year per
profiles chinese artist and dissident ai wei wei, whose work is on exhibit in the u.s. for the first time. >> if we can change ourselves, that means part of society will change. if more people can do so, then we can change the society. >> woodruff: and we look at what the federal trade commission calls a "digital danger zone," mobile applications that gather data about children. >> what needs to be done is a way for parents to easily at any time see exactly what's being collected and who they are sharing that information with. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: michigan, a s
include coaching for partner educators whereas the world savvy program brings u.s. participants abroad for a cross-cultural exchange. these schiansing unite u.s. students and educators with residents of host countries to explore one another's culture and critical global issues such as climate change food security. additionally, the program is provided at no cost to the participants and is funded by the world savvy and u.s. department of state. whereas world savvy has reached more than 250,000 youth and 2000 educators, 90% of teachers surveyed agreed that students' knowledge and understanding of the complexities and interdependence of world events and issues increased through participation in the program. a total of 80% of educators indicate an increase of the world's geography and saw significant growth in their students' critical thinking skills. whereas world savvy has honored the find sf students and educate colors have completed a very competitive process and accepted to the international leadership exchange, where they will have an opportunity to travel to bangladesh. three of the
in 1952 in the beacon hill neighborhood of seattle, washington. his parents immigrated to the u.s. from china and the 1930's. his father fought in world war ii and worked as a cook. he passed away when the mayor was 15. his mother was a seamstress and a waitress. mayor lee has five siblings, he graduated from college in maine, he also went to uc- berkeley law school and finished in 1978. he and his wife have two daughters. i also want to mention, prior to becoming mayor, one of the key points in his contributions to the community is after he completed law school, he worked as a managing attorney for the san francisco asian law caucus, where he was an advocate for affordable housing and the rights of immigrants and renters. mayor lee -- [applause] >> thank you. welcome to city hall. the people's city hall, san francisco. i want you all to note that that was such a wonderful rendition of our national anthem. please give another applause to the millennium -- melanie and her daughter. i am so excited about all of you and seen so many of you from all over our state. come to city hall anin sa
on sale february 3rd from my standup tour. 17 new u.s. cities, with special guests. i get that off the no fly list. we have been away a couple months. i missed news stories, here's some stuff that happened, russell brand and katy perry got sick of each other as we are of them. maybe they realized how freakish misshaped each other's heads are. >> mark sachez threw passes at his receivers feet. nick sabin said if something is hard, you can always quit and find another way to be successful. a key witness in the jerry sandusky trial died mysterious the president of china retired. "moneyball" marked the final performance of one of the best actors. you will be missed fat jonah hill. we learned the dangers of texting while driving a cruiseship, our soldiers showed they can piss whoever the hell they want. i'm todd came out of the pot cast. i can no longer be friends with you, but i am proud of you. good night, america. hello, milan! [ applause ] (cheers and applause) >> stephen: welcome to the report. good to have you with us. come on. >> stephen, stephen, stephen! stephen, stephen, steph
for confirmation. we are waiting on the u.s. and south korean officials working closely to together to see whether or not that satellite is, in fact, in orbit. the south korean response, as you can imagine, is one of condemnation. the blue house which is the korean equivalent of the white house issued a statement, lee myung-bak who was called just after this rocket launch to be informed he has been in closed-door meet wgz close advisers for hours and he has an announcement saying this is, this is in clear violation of the united nations security council resolutions. basically the united states and south korea and many other regional powers believe this wasn't to put a working satellite in to orbit as north korea claims. they believe this was to test out the long-range missile technology, which is banned by the united nations. the blue house also saying it is a challenge and threat to the peace of northeast asia and the peace of the world. they are calling on north korea to spend this money on its people rather than on the rocket launch itself. but for north korea, this was incredibly important. th
that signals a whole new day for the u.s. barbara walters is here right now with what happened at the white house today. barbara? >> reporter: just a year ago this month, i met with president assad in damascus and i questioned him about the slaughter of his people. since then, 40,000 people have been killed. well, today, president obama had some big news. for the first time, he is putting the syrian opposition on the path to be recognized as the new government if and when assad falls. i'd like to talk about syria. do you plan to recognize the opposition and give them some legitimacy? >> we've made a decision that the syrian opposition coalition is now inclusive enough, is reflective and representative enough of the syrian population, that we consider them the legitimate representative of the syrian people, in opposition to the assad regime, and so we will provide them recognition and obviously with that recognition comes the responsibilities on the part of that coalition. >> reporter: that's a big step. >> it is a big step. there is a small element of those who oppose the assad regime that
the u.s. and most outsiders regard as a thinly disguised test of a ballistic missile. now, the rocket was fired this morning shortly before 10:00 a.m. local time. it went on a trajectory over the japanese island of okinawa and quickly provoked expressions of anger and outrage from japan and korea, which convened meetings of security officials. the u.s. described it as a provocative act threatening regional security. now, north korea, for their part, quickly said that it was a success, that the satellite is in orbit, unlike a test earlier this year when the rocket burned up on launch. the u.s. experts have conceded that an object is, indeed, in orbit and that even the chinese have expressed regret today, lynn. >> ian williams there live for us in beijing. ian, thanks so much. >>> back here at home, michigan is now the 24th state in america with a right-to-work law. despite protests of angry union supporters, state lawmakers passed the legislation. this means both private and public workers do not have to pay union fees. and republican governor rick snyder quickly signed the bills, call
purposes. u.s. says they believe it's a cover to deliver nuclear weapons. the test defies international warnings and it's likely to bring new sanctions against the north. >>> to the fiscal cliff now, leaders in washington have less than three weeks to reach a budget deal or else face automatic spending cuts and tax increases that are likely to send the country back into a recession. the agreement has been slow. president obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are talking publicly about what they want. the gop pushing back against that. but privately negotiations do continue. in an exclusive interview airing on abc's "20/20" this friday night, president obama says he's optimistic a deal will be reached, and he's confident the gop won't hold the middle-class taxes hostage to protect higher income americans. >> taxes are going to go up one way or the other, and think the key is to make sure the taxes go up on h
. for the u.s. and others in the community support a federal solution the eastern congo with full knowledge this is likely rwanda's primary objective in the first place? stepping back from the current dynamics, federalism and another sub is neither inherently good or bad proposition , but when driven by neighboring state which would benefit enormously from it, federalism can be problematic to say the least. diplomats commonly affirmed everyone they can and must be a part of a solution. which solution i would ask. the rwandan solution for this crisis appears to have been identified well before the shots were even fired. thank you, mr. chairman for the opportunity to share the findings. >> thank you for her testimony. and now mr. prendergast. >> thank you for your extraordinary commitment to the people of the congo. deeply appreciated by everyone in this room. i want to begin by echoing something you said, congressman smith, earlier in the hearing. no one is questioning the hard work and dedication in decades of long commitment to key administration officials have exhibited on behalf of peace
heard from u.s. officials, they are calling this very highly provocative act. it has been a swift response. we have a statement from national security council spokesman tommy vitter. he said, quote, this action is yet another example of north korea's pattern of irresponsible behavior. the united states remains vigilant in the face of north korean provocations and fully committed to the security of our allies in the region, devoting scarce resources to the development of ballistic missiles and nuclear weapons has not brought north korea security and skaept tans by the international community and never will. jenna, as you mentioned the u.n. security council is meeting as we speak behind closed doors. the north koreans have very little to fear in terms of serious sanctions as a result of this action because of course its friend, china is on the security council and has blocked those kind of actions in the past, jenna. jenna: interesting that you mentioned china. is there any indication that the north koreans had help from the outside? any sort of outside country with this launch? >>
spread across the country. also, "money" tonight, a crash for gas prices. they are tumbling across the u.s. it's an early christmas gift for drivers but we'll tell you if the relief will last through the new year. >>> pepsi is crazy in love with beyonce. the music icon inks a $50 million deal to pitch its products. can she really make you stop drinking coke though? i say pepsi just got hosed. but a top mketing expert is here to disagree with me. even when they say it's not it is always about money melissa: firss, let's look at the day's market headlines of the leave it to congress to suck the air out of a good thing. stocks soared in early trading on hopes of a deal on the fiscal cliff. but a parade of speeches by congressional leaders this afternoon dump ad whole lot of water on the rally. stocks pared back from session highs. dow closed down 78 points. even dollar stores are having trouble making money today. dollar general shares got hammered. they warned of sluggish growth ahead and margins that would likely remain flat. >>> urban outfitters is mailing holiday catalogs filled with f-bo
three months to the day since terrorists attacked the u.s. mission in benghazi. secretary of state hillary clinton says the administration has done everything possible but still, no one has been brought to justice. where do we stand? >>> also, a new hollywood movie highlights the work of a cia analyst credited with tracking down osama bin laden, but here's a big but, it also sheds some very serious light on in-fighting in the spy agency. you got to hear it to believe it. let's go "outfront." >>> i'm ashleigh banfield in tonight for erin burnett. "outfront" tonight, our top developing story, we are just learning now that president obama and the white house or rather, president obama and the house speaker have spoken tonight. good news. this after they each fired another shot in the ongoing fight over how to resolve this fiscal cliff mess. cnn is now getting details about two new offers that were made and previously undisclosed, too. they kept a pretty tight lid on them. one of them by president obama, that was yesterday, then a counteroffer by the speaker. that was today. all of thi
. it's my pleasure to be here with you this morning on the green ship of our u.s. navy. it's very appropriate that it be here heading the fleet in san francisco. admiral beeman, thank you very much for your leadership. it is impressive what we are accomplishing. just two years ago, we started with an understanding that our military, the coast guard, the u.s. navy, the marine corps, had something that we really needed. it's called logistics expertise. and we recognized that and with the help of our fleet week association, with the help of our honorary chair, former secretary of state george scholtz, along with senator feinstein who started fleet week, we began to appreciate in addition to appreciating the men and women in uniform and the wonderful attributes of having fleet week and the blue angels and the parade of ships, we could also be working on something very important to this city. all across the world there are examples after example and i know the men and women and leadership of the uss macon know this after their tour of duty these past months, all over the world there
, we'll have that facility about 14 years and we'll be welcoming 40 members from the u.s. marine corps, 20 members from the u.s. navy, 10 members the u.s. coast guard, where we will then partner with them and cross train them and use our techniques, reaching technical rescue and high and low rescue being demonstrated in display. we will also be having some of our u.s. navy personnel on ride-alongs with members on our ambulances, fire engines and trucks to continue with our cross training. so, it gives me great pride to be here to continue to serve as the fire chief, to welcome the military, and to say thank you to all of you. here's to an enjoyable fun-filled busy weekend. all the best, and thank you for your service. (applause) >> i wanted chief to tell you about that training. we first did it in 2010, search and rescue which we knew was a problem in haiti in the earth wake in the recovery. and like they say in san francisco, the fire department, we know how to do it, but when the big earthquake hits, we're all going to be victims and we want to make sure that anybody that potentially
? >> essentially, it's what he said. al assad is not the representative of the syrian people. the u.s. and other than western countries have called on bashar al assad to step down. concretely it is a diplomatic move. it was expected. what it doesn't change and this is what the rebels and the opposition want is whether or not they get more money and more arms. they're saying in their meeting with the friends of morocco group, friends of syria group in morocco right now. they say recognition is fine, but we want weapons and more money. right now they're not getting it from the west. >> the u.s. is not give them either one of those things. do they completely sever ties with assad? how does that relationship change, if at all? >> that relationship has been essentially marabund for the last several months. there mab no ambassador there are and they're sanctions impose on the regime and there's no polical relationship with the regime of al assad with the united states. it doesn't change anything on that level. that means we're inching closer and closer to this government in exile, if you will, as bein
significant ship that mrs. perry is the sponsor for. she's the sponsor for the u.s.s. cole and i want to welcome you, lee perry, here this morning and thank you for all you've done ad supporting your husband and his marvelous career. thank you, ms. perry. (applause) >> our speaker this morning, the former secretary of defense william perry, i first met when he was the deputy secretary of defense, and he and mrs. perry came to korea where i was the c5j5 and i was assigned to escort them around. and i had a lot of those kinds of duties while i was assigned to korea. but it was the most pleasant experience i had and i say that honestly, to get to know these two people. and he then became our secretary of defense. and many of us that have served thought that he was one of the best secretary of defenses we've ever had. he's currently a senior fellow at the hoover institute and a freeman foley institute of international studies. he is the michael and barbara bavarian professor at stanford university and serves as co-director of the nuclear risk reduction initiative and preventive defense pr
they learned of the launch from u.s. missile warning systems around 9:51 japan time. it was confirmed around 10:01 by self defense forces radar which then tracked the rocket. the ministry says it decided not to fire its patriot defense missiles because the rocket was confirmed to pass over okinawa toward the pacific ocean. the officials say there was no possibility of debris falling on japanese territory. south korea's defense ministry says the rocket that north korea launched on wednesday could have reached as far as the u.s. west coast. >> translator: the rocket launched today must be a long-range missile with an estimated range of about 10,000 kilometers. >> kim said the launch was aimed at furthering the development of intercontinental ballistics missiles. the launch had officials scrambling to catch up. north korean authorities announced monday they were extending the launch window by a week because of problems. south korean officials said their intelligence suggested a delay. they said north korean crews removing the missile from a launch pad possibly to repair it. they told nhk the techn
the u.s. somewhat by surprise today, firing this long range rocket several days earlier than expected. the launch is raising worldwide concerns about the reclusive government's plans for its nuclear arsenal. the rocket was not carrying a warhead, north korea claims it launched a science satellite. the defense secretary leon panetta talked to erin burnett and said the u.s. is evaluating whether the rocket launch was a success. he said this, quote, we have no idea. we're still assessing exactly what happened to determine whether or not it really was a success. eight months ago, north korea totally flubbed a launch attempt, rocket broke apart after 90 seconds and fizzled into the ocean. jim clancy, cnn international here. talk to me, i guess, first, the fact that this was a surprise. how did north korea get this past the u.s.? >> well, it didn't really get past the u.s. it said it had a few problems, was going to delay the launch and then suddenly on calendar, e for many, and kim jong-il got very lucky. the three latest attempts had all failed. and this one appears, appears to be a succe
beneficial to not only the u.s. navy and marine corps, but to the international community. >> thank you. another hand? >> [inaudible] my experience with the haiti response. in this casey i was working at the deputy principal committee level and working at the white house. but it was really the first opportunity for this administration to work with a very complex response, and then recognizing for us the supported commander was usaid that normally isn't in the emergency response business. so, it was an educational process of how to move forces and yet support usaid and the role of the country team and port au prince. so, it was very informative there. and to back up when we had the first no fooling hurricane that worked its way up the entire gulf coast, the principal committee calls that were generated during the haiti response were then turned around and then bringing all of the governors into a conference call with the president to make sure that all their needs were being met in the advance of a hurricane arrival. so, we really had all of government, from local all the way up to the w
provocative act. u.s. confirms there is something in orbit and many believe it is a cover for north korea's test for long range technology. they likely used missile technical no, i if i which is ban -- technology which is banned. they want them to enforce tougher sanctions on north korea and they want to know if a missile like this could ever pose a threat to the u.s., we will have my next update later on ktvu channel 2 morning news. >>> we have a search which was part of an investigation into a string of home and car break- ins. there have been 23 burglaries in the green leaf division in the past month. >>> apple and is samsung has been ruled on and there is an ongoing infringement fight. they include apple iphone 5 and "i" pad 3. >>> you may be able to know why hundreds of humboldt squid watched up. they suspect the squid's food supply may have been contaminated by an algae bloom. it affects the nervous system and can cause the squid to become disoriented. >>> this monkey was strolling through an ikea parking lot with a coat on, coming up, the owner of the monkey is talking about her ba
it blasted off the west coast and the u.s. military which monitors the activity of that isolated nation says it looked like an object was placed into orbit. so let's get up-to-date. chris lawrence is at the pentagon. >> we're getting better and new information about that north korean launch. u.s. officials now saying that the satellite that north korea put into space is now in polar orbit. norad has been monitoring it with its space sensors. remember, they tried a rocket launch earlier this year back in april. they did not have much success. this is the first time they have seen all three stages of that rocket launch work and be able to put a satellite into orbit. it sounds very benign, putting a satellite into orbit is not something that you would think of that has military connotations. but the same technology that you use to put a satellite into orbit is really the same kind of technology that you would use to build a long range nuclear missile. >> and the timing appears to have been some kind of surprise to u.s. officials. how worried is the pentagon right now after this launch? >> well,
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